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| Decision Making and Failure Avoidance |
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![]() Decision Making and Failure Avoidance Seminar
by Dr. Kent Stephens
For more information or to register: seminars@tfdg.com or call 805-520-8334
DMX™ enables senior decision makers to ensure mission success by separating the significant few from the insignificant many triggers of failure, and so ensuring early, correct and defendable mission critical decisions.
About the Seminar
The DMX™ Failure avoidance methodology enhances the probability of success through the depression of failure potential. Frequently the inability of an organization to achieve maximum potential is directly related to the ability to avoid failure. Most organizations focus on measures that will enhance the probability of success, assuming that these same things will depress the probability of failure. DMX™ has found that this assumption is highly ineffective and inefficient. When you have expended typically 80% of effort on success enhancing measures, it is more cost effective to focus on failure avoidance.
To enhance success we tend to add up a list of activities, calling them safeguards. An analysis of failures shows that you can have a potentially ‘risky’ but stable situation prevailing, until one single event or another triggers the logic path that leads to mission failure. DMX™ identifies single event triggers and the logical cause and effect paths that lead from them to potential mission failure, and ranks them in order of probability. The value of this methodology is that it is usually far less costly to identify and circumvent these failure paths, than to add effort and resource to shield success from the same trigger events.
DMX™ uses a unique approach to create a Mission Diagram, or roadmap for developing a failure avoidance database. The Mission Diagram details all important functions, and activities necessary to sustain an identified mission, and encourages mission rather than agenda driven activities.
Applications of DMX™ provide superior decision support, enabling customers to raise success probability by targeting resources to the heart of the causes of failure.
Agenda
0800-0830: Get Acquainted – Coffee & Donuts
0830-1000: Foundations for a Failure Avoidance Mentality (Force Field Overview, S + F = 1)
1000-1015: Break
1015-1100: Stewardship Management
1100-1200: Nature of Data (Appropriate use and integration of objective and subjective data)
1200-1300: Lunch
1300-1400: A Dozen Golden Secrets for Avoiding Failure
1400-1500: Quantifying the integration of subjective and objective data – failure avoidance metrics
1500-1515: Break
1515-1630:
Dr. Kent Stephens
Dr Stephens is one of the world’s foremost authorities on Failure Avoidance technologies. He is the creator of Decision Making Expert Systems (DMX™), versions of which are internationally acclaimed as “state of the art” failure avoidance technology. Dr. Stephens has over 20 years of graduate faculty experience in major universities where he was a full professor of mathematics, probability and statistics, organizational behavior, and administration. He is co-author of the book “Owning the Future – Integrated Risk Management in Practice”. He served as a Professor and Ballistic Missile Launch Officer in the U.S. Air Force and subsequently served as Director of Business for the Seattle Public Schools in an executive exchange program.
He has served as a Research Mathematician and Manager of Industry Analyses for the Boeing Company in
Course Format
The seminar begins promptly at 8:00AM. Breaks will be taken mid-morning and mid-afternoon. A lunch break is scheduled for noon. The program ends at 5:30. These hours are subject to variation, depending on the pace of instruction. Participation in discussions is encouraged and occasionally leads to a slightly extended session.
Registration
To register, call our Seminar Administrator at
Contact us at seminars@tfdg.com or 831-649-3800 to schedule this seminar on-site at your location!
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